10 Best Revenue Growth Stocks to Buy According to Hedge Funds

8. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Number of Hedge Fund Holders: 74

5-Year Revenue Growth: 55.62%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is an American cybersecurity technology company that came into being in 2011 to reinvent security for the cloud era. The firm created the CrowdStrike Falcon platform to detect threats and stop breaches and also built the first multi-tenant, cloud-native, intelligent security solution capable of protecting workloads across on-premise, virtualized, and cloud-based environments running on various endpoints.

CrowdStrike recently positioned itself as the fastest and only pure-play cybersecurity software company to reach a major milestone as it crossed $4 billion in ending ARR (Annual Recurring Revenue) in the third quarter of fiscal year 2025. Simultaneously, the company surpassed the $1 billion quarterly total revenue milestone, recording a 29% rise year-over-year.

In July 2024, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) faced a major setback when a single content update from it resulted in over 8.5 million systems crashing while disrupting operations for organizations globally, including many Fortune 1000 companies. From what was referred to as the largest IT outage in history, CrowdStrike seems to have bounced back and has more than recovered the $30 billion in market value the firm shed after the outage. The firm’s chief executive George Kurtz told the Financial Times that CrowdStrike had bounced back by turning the crisis into “a competitive advantage”, reiterating that customer trust was not lost. Analysts attributed the firm’s recovery to its handling of the outage.